Homewood Holdings, a portfolio company of private equity investment firm Building Industry Partners, has acquired select assets of Building Supply and Lumber Co., an independent lumber and building materials dealer. Terms were not disclosed.
Founded in 1946, Building Supply and Lumber serves custom and commercial homebuilders and contractors throughout the Northern California market. The acquisition expands Homewood’s footprint in the region.
“We’ve known and respected Stan [McMaster, former owner of Building Supply and Lumber] for many years, and this acquisition helps accelerate Homewood’s growth plan and adds highly valuable customer relationships to our organization,” Homewood Holdings CEO Jim Stockman said.
Homewood will continue to seek to partner with or acquire independent pro dealer organizations throughout California and the Pacific Northwest, according to a statement. It consists of Homewood Building Supply, based in greater Sacramento, Calif., and Evergreen Lumber, based in greater Seattle.
According to DOT statistics, those fleets have 9 tractors, 21 trailers and 18 straight trucks between them.